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Ethereum Price Stuck in Slow Gear: Will a Breakout Come Soon? Newsbtc 6 dni temu

Ethereum Price Stuck in Slow Gear: Will a Breakout Come Soon? 📉

Ethereum

Ethereum is attempting a recovery wave above $2,650, struggling at $2,880 and $2,920 resistance levels. Despite an upward move beyond $2,620, ETH remains below $2,750 and the 100-hourly Simple Moving Average. A critical break below a bullish trend line at $2,800 threatens a renewed decline if the price stays under this level.

Bears remain active below $2,880 and $2,920, leading to price declines. Resistance hurdles at $2,770 and the 100-hourly SMA persist. Major resistance appears at $2,920; overcoming it could signal gains towards $3,050 and $3,120. However, a failure to clear $2,800 might initiate another decline, with supports at $2,630, $2,600, $2,500, $2,420, and $2,350.

Źródło: www.newsbtc.com ↗

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